MEMX Postpones Launch Due to Coronavirus

CEO Jonathan Kellner announced on April 17 that the exchange would have to push back its official launch date, as well as delay platform testing and member certification until later this year.

delay

The Members Exchange (MEMX) has delayed two of its key target dates—July 24, its launch date, and May 11, the start of platform testing—due to the outbreak of Covid-19, the illness caused by the novel coronavirus. Exact timing for the new launch remains undetermined, as the fledgling exchange awaits the lifting of shelter-in-place requirements, said CEO Jonathan Kellner in a statement on April 17. However, Kellner added he expects the go-live to be sometime in the third quarter of this year.

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